Economic Policy Questions
The World Trade Organization (WTO) plays a crucial role in trade policy by providing a platform for member countries to negotiate and establish rules for international trade. Its main functions include facilitating trade negotiations, enforcing trade agreements, and resolving trade disputes among member countries. The WTO aims to promote free and fair trade by reducing trade barriers, such as tariffs and quotas, and ensuring that trade policies are transparent and non-discriminatory. Additionally, the organization provides technical assistance and capacity-building support to developing countries, helping them integrate into the global trading system. Overall, the WTO serves as a global forum for trade policy discussions and works towards creating a more open and predictable international trading environment.